Metro Bank heads for UK high streets

The UK could soon have a new bank.

The UK could soon have a new bank.

A US entrepreneur plans to open Metro Bank, with flagship branches set for London.

According to the Financial Times Vernon Hill looks set to get approval from the Financial Services Authority.

With the government keen to create more competition in the banking sector, new banks can take advantage of the tarnished reputation of existing banks. They can also utilise the latest IT to get the upper hand in certain areas on large banks with inflexible systems.

Tesco is attempting to increase its banking services.

Read more on IT project management

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.